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Mobile health and fitness startup HealthifyMe raises $6 million in Series A

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Plans to reach 5 million users and 500 corporate & healthcare partners

Mobile health and fitness startup HealthifyMe, announced Series A funding of US$6 million led by IDG Ventures India, Inventus Capital and Blume Ventures. The funding comes just a year after they announced their seed round led by angel investors and Micromax.

“Our vision is to make healthy living easy, fun and affordable for all. With these funds we plan to impact five million users and tie up with over 500 corporate and healthcare partners. While we are already the leading app for health/fitness in India, our aim is to be the best in the world and we will continue to invest heavily in our technology and product.” said Tushar Vashisht, CEO, HealthifyMe.

Dr Sudarshan Ballal, Chairman of Manipal Hospitals says “Manipal hospitals is proud to partner with HealthifyMe and together we are able to monitor and manage patients’ diet, weight and deliver counselling digitally. The programme is integrated with preventive health check programmes and is helpful in better management of non communicable or lifestyle diseases the curse of modern living.” HealthifyMe also has a gamified, social platform that is being used by progressive Corporates to engage and reward employees for healthy behaviour.

“HealthifyMe has strong engineering and product ethos. It is leading innovation in the space in India and the feedback we got from customers and corporate partners was extremely positive. HealthifyMe is going to set the benchmark for wellness delivery in India, and we are proud to support it” said Rutvik, Director, Inventus Capital.

“HealthifyMehas demonstrated consistent strong growth over a period of time. Despite the overhang of a tough market, the company has focused very sharply on unit economics and on creating an asset-light model of delivery. The large market they are addressing is ripe for disruption and we are very excited to partner with them” said Karan Mohla, Executive Director, IDG Ventures India.

“We’ve been tracking the health/wellness space closely and were impressed by how quickly Healthifyme developed an integrated solution comprising a user friendly mobile app, layered with online tools as well as offline services. We liked their drive, energy and the deep domain expertise they’ve acquired. We believe Healthifyme is poised to impact millions of Indians, becoming their ‘daily health app’ and helping them stay healthy and fit”, said Sanjay Nath of Blume Ventures.

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